Russia's Budget Deficit Hits 2.59 Trillion Rubles in First Half Year
TEHRAN (ANA)- Russia's federal budget deficit for the first half of this year stood at 2.59 trillion rubles (about 28 billion US dollars), the Russian Ministry of Finance said.
According to preliminary estimates released by the ministry, revenues of the Russian budget in the first six months of 2023 amounted to 12.38 trillion rubles (about 140 billion dollars), down by 12 percent year on year.
Government spending in the January-June period was 14.97 trillion rubles (about 160 billion dollars), up by 19 percent on a year-on-year basis.
Non-oil-and-gas revenues for the six-month period amounted to 8.99 trillion rubles (about 98 billion dollars), an increase of 17.8 percent compared to the same period last year.
Revenues from oil and gas sales, meanwhile, decreased by 47 percent to 3.38 trillion rubles (about 37 billion dollars), according to the ministry.
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